Detroit casino revenues and wagering taxes reported for January 2019

Detroit casino revenues and wagering taxes reported for January 2019

Detroit, Feb. 13, 2019 - The three Detroit casinos reported $112 million in aggregate revenue during January for a fractional 0.5 percent year-over-year increase. The casinos’ revenue fell 12.1 percent compared with December 2018 results.

MGM’s monthly revenue at $48.9 million increased 2.5 percent compared with January 2018 results. MotorCity revenue fell 1.5 percent to $37.4 million, and Greektown recorded a slight 0.1 percent decline to $25.7 million compared with monthly results from a year ago.

The market shares were:

MGM, 44 percent

MotorCity, 33 percent

Greektown, 23 percent

The state of Michigan received $9.08 million in gaming taxes from the three casinos during January compared with $9.03 million paid in January 2018.

The three Detroit casinos reported submitting $13.3 million in wagering taxes and development agreement payments to the city of Detroit during January.

"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."